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UK Cost Of Energy To Be High For Months


Elsa
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This speaks for itself. From a message board. It's one person talking except for the green.
 
- on the UK energy thing i can explain that to you all if you like, as i know what happened and what energy prices are rising
 
 
​its my industry
 
 
​i also know who caused it
 
 
as in the person who caused it
 
 
??? ​are we f**ked long term or short term?
 
 
​until march 2022 at the earliest
 
 
​basically there was maintenance at the sellidge kent grid site
 
 
​which is a cable from EDF in France which provides the uk with lots of electric, (France has nuclear and generates and excess of power which they sell to the UK
 
 
in simple terms, big fat electric cable runs under the sea from France to the UK
 
 
​by not re-connecting properly, the cable arced. at around 400,000 volts
 
 
​it caught fire and and blow out the terminations, and transformers
 
 
​therefore limited supply now available from France
~~~
There's more. Does not sound good. I'm sorry for all affected.
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Elsa
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​More...

all these little energy companies don't actually own any assets or generate power.
 
 
I'm with bulb and read they are in trouble, should I be looking for a new supplier?
 
 
they buy the power in bulk at a small discount and then literally make 0.002 pence per KWH that you use. they rely on having lots of customers paying that little amount
 
 
​but to get you to go with them they offer cheaper electric at a fixed price for like 1-2 years.
 
 
​then this happens there costs skyrocket and they cant pass that cost in because you signed a contract at a certain price

then they go bankrupt

~~~
 
 

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Plutolover
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Yes, this is a real worry here. I recently considered switching to a different supplier, but the difference in prices now are so minimal, they're negligible. Did not know that about the French cable thing, thanks.

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Elsa
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I heard (different source) people are being told to expect a 50% increase in cost. I feel for you guys.

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Plutolover
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@elsa 50%!! Jeez, on top of everything else, I think it's safe to say it's going to be a long winter 😐

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Elsa
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@plutolover I will report what I hear from the insider, if anything. The 50% figure came from the news so it may be bs.  Sorry, I should have specified.

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@elsa Thanks, I appreciate that! We're not hearing much about the price hikes over here, only that prices will definitely go up, but no-one wants to say by how much. I am frugal by nature, but can see how so many will be floundering soon.

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sophiab
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If it is true about the negligence with the connecting power cable then it seems to be another example of a dynamic which is too common  -  the passing on of responsibility. Why should the client absorb the costs of company error? Writing this I'm thinking of 2008 when the mortgage crisis hit and the debts were absorbed by governments (supposedly representatives of the people). But its common on the micro and macro level and fundamentally it's about boundaries. To take responsibility involves recognising a boundary between entities. Otherwise any entity is just a projection of the original entity not a separate unique thing. In human relating, this describes a state of dependency (Cancer) and is the realm of narcissistic interaction. Capitalism seems to thrive off this dynamic. 

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Elsa
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"wow, "UK puts troops on standby to tackle fuel crisis at petrol stations" tweet from Bloomberg"

But locals say there is fuel and stores are stocked. Cheerios are available! Smile

They think it is the media causing the problem.

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sophiab
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@elsa I saw a run on a nearby supermarket petrol/gas station on Saturday when I was out walking - forecourt full and long line of traffic backed up through the supermarket carpark with extra attendants to direct people. I hadn't seen any media at that time so I was curious as to what was suddenly happening. My intuition was that people had seen something in media / SM which had provoked a panic. Sure enough, this was the case, with the PM saying, don't panic...which of course creates the panic. So yeah, I think it is a manipulation, if he hadn't said anything no one would have rushed to buy petrol. It's a mentality of lack which is prevailing, so you just need to light a match!

Supermarkets are well stocked but you will find certain items are not there or in reduced quantity, mostly speciality/overseas products which were always stocked in small quantities. I think pasta is still being over bought by patrons. Brexit has had an impact here because of custom and excise taxes now being applied and VAT complications across borders.

Where you really notice change is in the little rows of shops in local neighbourhoods, many of which are/were privately owned small businesses - grocers, hairdressers, opticians, tattoo parlours, bakers, etc. These rows of shops have a lot of closures and a sense of decline. However, some of the larger stores also feel like they are struggling and relying more on internet delivery rather than keeping the shop floor fully stocked - I can see them eventually closing to save on rent. The experience of shopping in a store is unpleasant when there is a feeling of lack of abundance. My sense is the larger national stores have been long squeezed by the globals and the flood of cheap goods from China, and this process snowballed during the pandemic (possibly connected). What would be a gamechanger would be for the government to start taxing the globals. I think this lack of basic and fair taxation is what's at root.

Many nationals here have combined to create larger entities to save costs, be more efficient. This general squeeze has been passed along to the local family businesses. It connects to the passing of responsibility as I mentioned above. As much as possible we need to buy local and help keep these folks afloat. Small businesses here that had to close during lockdown could apply for government loans but they now have to pay them back with interest (a tax on borrowing) so its really hard going for them, whilst meanwhile higher up....

Writing all this, I sense Uranus in Taurus at work affecting 2nd-8th house polarity - resources, investment, sharing, power.

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Elsa
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@sophiab really interesting. Thank you.

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